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> Instant settle felt surprising in a world where bank transfers usually take days. Yeah, that's not "a world" it's just the USA. Parts of the world - EU, UK e
by SideburnsOfDoom 1y ago
> Instant settle felt surprising in a world where bank transfers usually take days.
Yeah, that's not "a world" it's just the USA. Parts of the world - EU, UK etc have already moved on from that. Don't assume that the USA is leading edge in all things.
- christophilus 1y agoYou’re not wrong. The US banks all suck. I’m willing to bet that every single one of them suck, though I’ve only tried a handful.
- dqv 1y ago> Yeah, that's not "a world" it's just the USA. "In a world" is a figure of speech which acknowledges the non-universality of the statement being made. And no it is not "just the USA". Canada and Mexico are similarly slow to adopt real-time payments. It is wild to tell someone "don't assume" when your entire comment relies on your own incorrect assumption about what someone meant.
- SideburnsOfDoom 1y agoThere is better commentary on the same basic point regarding SEPA / Faster Payments / FedNow and how the US lags world-leading practice in the other thread here: https://news.ycombinator.com/item?id=44738579 https://news.ycombinator.com/item?id=44738579 It's a bit more substantial, and less complaints about the semantics of the wording.